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£800,000
Bedrooms
Bathrooms
An extended four bedroom mid terraced family home in great condition throughout. located in the catchment area of both Kilmorie and Rathfern primary schools and just 0.7 miles from Forest Hill and Catford Stations.
The property has had a loft conversion and a full width rear extension and offers over 1250sq ft of well laid out, bright and spacious living space.
With period features throughout, the accommodation comprises a cosy lounge with wooden flooring, a feature fireplace and a bay window to the front, a dining room with wooden flooring which is open plan to a stunning full width kitchen. The kitchen is very modern and well laid out for family living with space for a table and chairs, and is flooded with light from a large skylight and french doors to the rear. There is also a ground floor guest cloakroom.
On the first floor are three bedrooms, two of which are great double rooms with high ceilings, the third bedroom would make a great nursery or office space. The modern family bathroom on this floor is well finished and has a roll topped bath and a separate walk in shower.
On the second floor, the master bedroom has lots of light and comes with built in wardrobes and decent eaves storage, there is also a fully equipped en suite.
To the rear of the house, the garden is well stocked and has a raised seating area off of the kitchen, as well as another seating area at the end of the lawn.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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